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Jaiprakash Power Ventures reports 6% fall in Q1 net profit

06 Aug 2015 Evaluate

Jaiprakash Power Ventures has reported results for first quarter ended June 30, 2015.

The company has reported 6.09% fall in its net profit at Rs 64.94 crore for the quarter ended June 30, 2015 as compared to Rs 69.15 crore for the same quarter in the previous year. However, the company’s total income has increased by 59.05% to Rs 1269.48 crore for the quarter under review from Rs 798.16 crore for the corresponding quarter of the previous year.

The results under review are in respect of 300 MW Jaypee Baspa II H.E. Plant, 400 MW Jaypee Vishnuprayag H.E. Plant, 1091 MW Jaypee Karcham Wangtoo H.E. Plant, 500 MW Jaypee Bina Thermal Power Plant, 1320 MW Jaypee Nigrie Super Thermal Power Project and Jaypee Nigrie Cement Grinding unit which commenced operations from June 03, 2015.

Peers
Company Name CMP
NTPC 325.80
Tata Power 364.00
Adani Power 200.00
Power Grid Corpn. 267.20
Adani Energy Solut. 1344.25
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